First Internet Bancorp 8-K, filed Jun 24, 2021
First Internet Bancorp (INBK)
8-K
2021-06-24
For: 2021-06-21
View Original
Added on
April 06, 2026
About this 8-K
First Internet Bancorp filed this 8-K on June 24, 2021, reporting on events of June 21, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): June 21, 2021
| (Exact Name of Registrant as Specified in Its Charter) | ||||||||||||||
| (State or Other Jurisdiction of Incorporation) | ||||||||||||||
| (Commission File Number) | (IRS Employer Identification No.) | |||||||||||||
| (Address of Principal Executive Offices) | (Zip Code) | |||||||||||||
( | ||||||||||||||
| (Registrant's Telephone Number, Including Area Code) | ||||||||||||||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbols | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 24, 2021, First Internet Bancorp (the “Company”) issued a press release announcing a transition in its senior management. A copy of the related press release is furnished with this report as Exhibit 99.1.
On June 21, 2021, David B. Becker, the Chairman, President and Chief Executive Officer of the Company, informed the Board of Directors (the “Board”) of the Company that he will resign as President of the Company effective at the close of business on June 30, 2021. Mr. Becker will continue to serve as Chairman and Chief Executive Officer of the Company.
Also on June 21, 2021, the Board appointed Nicole S. Lorch, the Company’s Executive Vice President and Chief Operating Officer, to serve as President and Chief Operating Officer of the Company effective at the close of business on June 30, 2021. Ms. Lorch, age 47, has served as Executive Vice President and Chief Operating Officer since January 2017. Ms. Lorch joined the Company as Director of Marketing in 1999 and served as Vice President, Marketing & Technology from 2003 to 2011 and Senior Vice President, Retail Banking from 2011 to January 2017. She previously served as Director of Marketing at Virtual Financial Services, an online banking services provider, from 1996 to 1999.
No changes have been made to the existing compensatory arrangements between the Company and Ms. Lorch in connection with her appointment as President. Further, there are no arrangements or understandings between Ms. Lorch and any other persons pursuant to which she was selected as the President of the Company. She has no family relationships with any of the Company’s directors or executive officers, and she is not a party to, and she does not have any direct or indirect material interest in, any transaction requiring disclosure under Item 404(a) of Regulation S-K.
Item 7.01 Regulation FD Disclosure.
The Company issued a press release on June 24, 2021 announcing the senior management transition described in Item 5.02 above, which is furnished as Exhibit 99.1 to this report.
The information in this Item 7.01 and Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. This information shall not be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference to such disclosure in this Form 8-K in such a filing.
Item 9.01 Financial Statements and Exhibits
| Number | Description | Method of filing | ||||||||||||
| Furnished electronically | ||||||||||||||
| 104 | Cover Page Interactive Data File (embedded in the cover page formatted in inline XBRL) | |||||||||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Dated: | June 24, 2021 | |||||||||||||
| FIRST INTERNET BANCORP | ||||||||||||||
| By: | /s/ Kenneth J. Lovik | |||||||||||||
| Kenneth J. Lovik, Executive Vice President & Chief Financial Officer | ||||||||||||||
Nicole Lorch Named President of First Internet Bancorp, Bank
Fishers, Indiana, June 24, 2021 – The Board of Directors of First Internet Bancorp (the “Company”) (Nasdaq: INBK) announced today that the Board of Directors has appointed Nicole Lorch as President and Chief Operating Officer of the Company as well as its subsidiary, First Internet Bank (the “Bank”), effective at the close of business on June 30, 2021. David B. Becker will remain as Chairman and Chief Executive Officer of both the Company and the Bank.
“Nicole has been an important member of the leadership team, contributing significantly over the years to our growth and success,” noted Mr. Becker. “She possesses the ideal combination of talent and strategic vision. Her unique ability to create innovative solutions, analyze complex issues and communicate effectively has been apparent throughout her career. I am certain the Bank will continue to thrive under her leadership.”
Ms. Lorch added, “It is an honor to assume the role of President. I am fortunate to be surrounded by a talented group of professionals who are truly dedicated to our customers, each other and the overall success of the organization. When David reimagined the traditional banking model, he did so with an entrepreneurial spirit - one that continues to drive us today. I look forward to working with our leadership team and the Board to deliver strong performance and value for our stakeholders.”
Ms. Lorch joined First Internet Bank at its launch in February 1999 as Director of Marketing. She has held roles of progressive responsibility with the Bank and was appointed Executive Vice President and Chief Operating Officer of the Company and Bank in 2017. In addition to her professional responsibilities, she serves on advisory boards for the Indianapolis Neighborhood Housing Partnership (INHP) and the Hamilton County Community Foundation. She earned her bachelor’s degree from DePauw University and an MBA from Indiana University – Kelley School of Business, in addition to being a 2015 graduate of the CBA Executive Banking School.
About First Internet Bancorp
First Internet Bancorp is a bank holding company with assets of $4.2 billion as of March 31, 2021. The Company’s subsidiary, First Internet Bank, opened for business in 1999 as an industry pioneer in the branchless delivery of banking services. The Bank provides consumer and small business deposit, consumer loan, residential mortgage, and specialty finance services nationally as well as commercial real estate loans, commercial and industrial loans, SBA financing and treasury management services in select geographies. First Internet Bancorp’s common stock trades on the Nasdaq Global Select Market under the symbol “INBK” and is a component of the Russell 2000® Index. Additional information about the Company is available at www.firstinternetbancorp.com and additional information about the Bank, including its products and services, is available at www.firstib.com.
First Internet Bancorp is a bank holding company with assets of $4.2 billion as of March 31, 2021. The Company’s subsidiary, First Internet Bank, opened for business in 1999 as an industry pioneer in the branchless delivery of banking services. The Bank provides consumer and small business deposit, consumer loan, residential mortgage, and specialty finance services nationally as well as commercial real estate loans, commercial and industrial loans, SBA financing and treasury management services in select geographies. First Internet Bancorp’s common stock trades on the Nasdaq Global Select Market under the symbol “INBK” and is a component of the Russell 2000® Index. Additional information about the Company is available at www.firstinternetbancorp.com and additional information about the Bank, including its products and services, is available at www.firstib.com.
| Contact Information: | |||||||||||
| Investors/Analysts | Media | ||||||||||
| Paula Deemer | Nicole Lorch | ||||||||||
| Director of Corporate Administration | Executive Vice President and Chief Operating Officer | ||||||||||
| (317) 428-4628 | (317) 532-7906 | ||||||||||
| investors@firstib.com | nlorch@firstib.com | ||||||||||